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Beautiful Leasehold Property In Hampshire For Sale

Fareham, Hampshire, UK
Asking Price:
£350,000 Inventory / Stock included
Turnover:
Available on request
Net Profit:
Available on request

Here we have a beautiful Grade II listed Hotel Premises, within the Hampshire town of Wickham.
The property has 12 guestrooms with 8 traditional Georgian style Rooms, also a separate Annex which has 4 rooms all of which are modern and recently refurbished.

The Hotel itself has 2 established brands within it, the hotel and an in house restaurant which has its own brand and has a great reputation locally.
The property has had a recent full cosmetic refurbishment, with a brand new kitchen and restaurant, the refurbishment has been carried through to the main hotel, including all bedrooms and public area's. A new downstairs refurbishment consists of the lounge, reception and both public toilet's.

See below Hotel Facilities

- 12 Guestrooms ( selection of doubles & suite's)
- Private Dinning Room / Meeting Room
- Bar with Beer Pump & Fully Refurbished Seating
- 12 month Old Brand New Kitchen costing over £160K
- Outside Separate Dry Store
- Walk in Fridge
- 50 Seater Restaurant
- Guest Seating Area within the front Lounge
- Separate Annex - Modern Bedrooms with walk in showers
- 2 Outdoor Storage Unit's
- Hotel Office Suite with equipment
- Reception Desk with equipment
- Restaurant Still Room with Glass Washer
- Garden with Patio and Outdoor Seating
- Staff Accommodation with ensuite
- Car Park

Business Details Below :-

- Occupancy for the Hotel 90%
- Average Room Rate of £89.00 (increasing)
- Turnover for Rooms available on request
- Hotel Location perfect for travelling guests located with good commuter routes to Portsmouth & Southampton via M27 & A27
- Restaurant at present is functional but not open to general public or Hotel Guests
- Business is showing good year on year growth

Property Information

Property:

Leasehold

Lease Terms:

Terms of Lease are 17 Valid until 2036, on a full repairing and insuring Lease. Rent Payable Quarterly, potential buyer will need to be approved by Landlord.
Lease is non negotiable

Leasehold Rent:

£85,000 per annum

Living Accommodation:

Accommodation on the top floor of the premises which is set away from the guest bedrooms, double room with small living space and ensuite

Location:

Wickham Fareham Hampshire

Premises Details:

Hotel, 12 Beds, Full Facility Hotel with Restaurant & Kitchen

Size in square feet:
N/A
Planning Consent:

None under this Leasehold -

Business Operation

Expansion Potential:

None

Competition / Market:

Small Properties outside the area, the Only Hotel within Wickham Square itself

Reasons for selling:

The current owner has other business interests and other investments to pursue,

Trading hours:

24 Hours

Employees:
9
Years established:
1

Other Information

Support & training:

Full Support under 14 Day Opening Period,

Full Training of system and Operation can be offered

Furniture / Fixtures value:
£495,000
Inventory / Stock value:
£5,000 - included in the asking price
Website:
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